Facebook (META) Q4 2024 earnings results beat EPS and revenue expectations
Stock in the company made gains in after-hours trading after some turbulence.
Facebook (META) has released its earnings report for Q4 2024, chronicling its financial performance over the past few months. In it, the company showed a beat on both revenue and EPS expectations.
Meta released its Q4 2024 earnings report at the close of markets today. The company’s $48.39 billion in revenue beats the expectation of $47 billion. Meta brought in $8.02 per share, which easily clears the expected $6.77.
![Meta's stock chart on January 29, 2025. Meta's stock chart on January 29, 2025.](https://d1lss44hh2trtw.cloudfront.net/resize?type=webp&url=https%3A%2F%2Fshacknews-www.s3.amazonaws.com%2Fassets%2Feditorial%2F2025%2F01%2Fimage-3.png&width=986&sign=CgtwmVeL-X0mcoL45A9tUtGNy-PkcBScBEYssTbxWJg)
While Meta stock initially moved sporadically in after-hours trading, it eventually saw some strong gains. Shares were valued as high as $710.77 after ending the day at $679.49.
Facebook’s latest earnings report also brought the news that the company lost $17.7 billion on its Reality Labs division in 2024. Stick with Shacknews for more financial news out of the tech business.
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Donovan Erskine posted a new article, Facebook (META) Q4 2024 earnings results beat EPS and revenue expectations